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Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $48,210. The equipment was expected to have a useful life of

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Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $48,210. The equipment was expected to have a useful life of three years, or 6,600 operating hours, and a residual value of $2,010. The equipment was used for 1,200 hours during Year 1, 2,300 hours in Year 2, 2,000 hours in Year 3, and 1,100 hours in Year 4. Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Note: Round all final values for each depreciation method and each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 11,550 Year 2 15,400 Year 3 15,400 Year 4 3,850 b. Units-of-activity method Year Amount Year 1 8,400 Year 2 $ 16,100 Year 3 14,000 Year 4 TA 7,700 c. Double-declining-balance method Year Amount Year 1 24,105 Year 2 $ $ Year 3 6,026 X 7 Year 4 UR 3,013 x Feedback

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